VC Sees Potential for Celestia Rebound Despite Price Drop, Token Unlock Fears

Venture capitalist Chris Burniske sees similarities between Celestia's (TIA) recent price movement and Solana's (SOL) back in 2020, which rallied 10,000% the next year after an initial surge and 80% price drop.

TIA is currently down 59% from its all-time high and has a big 17.57% token unlock scheduled for October 2024, concerning some investors.

However, Burniske notes Solana also had a major token unlock of 80% in December 2020, yet still saw a parabolic price run afterward.

The text cautions crypto investors that significant price volatility is common and recommends having the composure to withstand downturns to possibly benefit from future uptrends.

The article comes from The Daily Hodl crypto news site and includes a generated image from Midjourney.